The securities commissioner of North Dakota has issued Russia’s Union Bank Payment Coin with a Cease and Desist Order. According to Karen Tyler, North Dakota’s securities commissioner, Union Bank Payment Coin promoted unregistered securities that were potentially fraudulent via an Initial Coin Offering (ICO). This came on the back of investigations done by North Dakota

The South Carolina Securities Division has dropped Genesis Mining from its March 9, 2018, administrative order to cease and desist, according to an email CoinReport received from Front Lines Media, Genesis Mining’s media strategy company. This follows five months of educating and discussing the matt…

After five long months of working with South Carolina officials, Genesis Mining has been dropped from the cease and desist order it received back in March 2018 from the South Carolina Securities Division. The company will relaunch to U.S.-based customers shortly. This marks one of the first times a blockchain company has fought back against regulators and been successful.

Shah Hafizi, chief compliance officerCOO and general counsel at Genesis Mining, released the following statement: Read more...

The Texas State Securities Board has taken an emergency action to stop a network of crypto-related companies from illegally offering investments in the state. A token offering and a mining firm are among those targeted by the securities board as selling fraudulent “cryptocurrency-related investments.”

Emergency Action Taken

The Texas State Securities Board announced Thursday that an emergency action has been taken to “target promoters of crypto-mining investments.” According to the notice published on July 12 by the Board: Read more...

The state of Texas has filed an Emergency Cease and Desist Order against BitConnect, stopping their various investment programs.

A common saying often heard in the US is “don’t mess with Texas.” Well, it seems that BitConnect is finding this out the hard way. The England-based crypto company is the subject of an Emergency Cease and Desist Order from the Texas State Securities Board.

Mess With the Bull, You Get the Horns

It appears that the Lone Star State is somewhat skeptical of the claims made by BitConnect. The company claims that investors can gain annualized returns of a stellar 100% or more, according to the order. One investment program, BitConnect Lending Program, offers to reward investors with a monthly return rate of 40%. Read more...

**On Today’s Episode Of The Cryptoverse:**
Chinese Bitcoin exchanges Huobi and BTCC have stopped margin trading, at least temporarily. In this episode I explain the basics of what margin trading is so we can understand the impact this news will have on Bitcoin overall.

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